EOG Resources Ups Liquids Forecast – Testing Further Downspacing

EOG Resources is gaining more confidence in the Eagle Ford and its other liquids plays. The company has increased its liquids growth projections for the entire company from 30% up to 33% in 2012.

Eagle Ford wells continue to exhibit improving recoveries as well flow rates hold up as the company drills at tighter spacing densities.

Our confidence level in the Eagle Ford is very high. Even after we implemented denser well spacing earlier this year, individual well performance remains remarkably strong. In fact, based on ongoing completion refinements, 30-day crude oil production rates from recent wells have increased, Papa said.